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Serving the
Wisconsin Fox Valley communities of: |
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Specializing in Wisconsin Buyer
Agency and |
Phone H.
Strobl Realty at:
920-731-9232 - 920-810-4616 - 877-296-5122
Phone H.
Strobl Realty at:
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Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the RANW MLS. Real Estate listings held by brokerage firms other than H. Strobl Realty, Inc. include the name of the listing broker. Only listings of Brokers participating in IDX are included. 2002 REALTORS® Association of Northeast Wisconsin Multiple Listing Service. All Rights Reserved.
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As soon as the sales contract is signed, obtaining financing for the new home becomes key for most buyers. When most people think about choosing a mortgage lender, they think about finding the lowest rate. Bear in mind that mortgage packages consist of more than interest rates. They consist of a quoted rate, plus origination fees, discount points (prepaid interest assessed by the lender at settlement) and other fees, plus a full range of terms including adjustable versus fixed-rates, low down payment versus high down payment, the presence or absence of prepayment penalties, and many other features. In addition to the financial considerations, you will want a lender you can trust, a lender you can work with effectively, and a lender who offers a wide range of mortgage loan products. Here are three steps that can help you shop for a mortgage. Build a List of LendersTalk with your real estate agent. Real estate professionals are normally in the best position to learn about financing opportunities in the marketplace. Lenders regularly call agents to alert them to financing packages. Talk to people you know who have bought or refinanced a home recently. Check the newspaper’s real estate or business section. Look in the Yellow Pages under "Mortgages." Finally, check out Web sites for lenders in your area. Many sites include information on home loan programs, as well as publish rates. Talk to a Loan OfficerCall or visit the lenders on your list. Get a feel for what it will be like to work with them and how they approach your needs. You might want to ask for references – recent home buyers like yourself – and talk to them. Here are some key questions to ask lenders:
Compare Rates for Similar LoansAmong the things you’ll want to discuss with prospective lenders are the rates they offer on mortgages. When comparing rates between lenders, be sure the rates are for comparable loans and rate lock periods. Remember to include fees and other costs so you’re comparing apples to apples. |
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the owners of this site nor RANW MLS, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. |
